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This is a statue of Kappa, a water spirit with a red cap and a white muffler.
He looks so cold in winter so local people put these on him. Various kinds of evens are held in Arima all through a year.
A costume play event was held on Feb.3, Bean Throwing Day. Girls in costume were asked to pose for a picture.- source : www.arima-onsen.com/eng

Arima is a sister hot spring of Joszankei 定山渓温泉 in Hokkaido.
They presented the town with a Kappa statue.